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The IFRS Foundation's three-tier structure

The IFRS Foundation has a three-tier governance structure, based on two independent standard-setting boards of experts (International Accounting Standards Board and International Sustainability Standards Board), governed and overseen by Trustees from around the world (IFRS Foundation Trustees) who in turn are accountable to a monitoring board of public authorities (IFRS Foundation Monitoring Board).

The IFRS Advisory Council provides advice and counsel to the Trustees and the boards, whilst the boards also consult extensively with a range of other standing advisory bodies and consultative groups.

Public accountability


Independent standard-setting